Kefi Gold And Copper Share Discussion Threads

[goatherd] 30/3/2020 13:02

I am bored with this twit who invents things - and mistakes his current thoughts as facts.

Topicel30 Mar '20 - 11:34 - 2954 of 2954 (Filtered)

[jaylett] 30/3/2020 10:22

Tomorrow it is then. Can't wait.

I very much doubt KEFI and their partners would let down shareholders yet again, particularly in the current market environment which mercilessly punishes missed deadlines and uncertainty. March was stated very clearly as the deadline for receipt of funds from ANS and therefore I expect that to be met.

Over to you HAA / ANS.

[goatherd] 30/3/2020 07:08

Topicel,

I will not argue with you.

You clearly either did not read my "speculation" properly, or did not understand it.

[digger2779] 29/3/2020 18:24

My other "gold play" BMV is starting to make headway despite the fact that it's based in South Korea...can I pick them ( was pre virus). Dropped to .009p with the rest of the fallout but now starting to move.
If ANS don't come up with the dosh I think I will sell up at a loss and see if I can recover it over there.
No plug intended and certainly no advice given!!!
GLA

[topicel] 29/3/2020 17:54

That is survival with a purpose Matthew, which is acceptable, not the 'just keeping the lights on' variety of which we've been subjected to with so many promises that we are about to get cracking on TK and eventually pay for the Saudi ventures.

That was the whole game plan. And from all sensible points of view, it still makes sense if ANS want it to be so, and that means paying out the first tranche. Unconditional is just more words, for we all have heard, or been subject to, gazumping for instance, which is another variation of 'unconditional'.

If ANS can't rustle up the agreed, reduced and for a larger percentage of the project than originally, first tranche in their own currency - not dollars, but Bhirr - then they can't be much of a consortium. Not after all this time with the three big chiefs supposedly keen on a few million for themselves.

All of this has always been 'as stated by Harry'. We have heard next to nothing from other interested parties, and yet we rely on them because Harry says we must.

Ultimately, survival at this time is paramount for proper reasons out of Harry's control, but even then ANS should have the funding of their own currency under their own control too and by paying it we can crack on and, hopefully, be well advanced when this CV-19 has largely gone away.

Ready for the second tranche. I mean, there is no reason not to get digging out the groundworks, is there? There never has been imho, and still we get no images of anything off-site being done etc. either!

Two days until the next hinted at deadline - which is all they ever are.

Topicel

[matthew stone] 29/3/2020 17:08

ALthough I understood his point in the end, it is quite unbelievable...To be fair, though, you do see this a lot on AIM - agreements, contracts, etc seem to be drawn up on a 'heads we win, tails you lose' basis.

We have been told that the subscription agreement has been agreed and signed by ANS and KEFI, and moreover that the initial payment we are all waiting for is 'unconditional'. How, then, could any of this be subject to change now?

As I've stated before, I would rather KEFI give up a few more percent of Saudi for enough cash to get through the next, say, 12 months. Remove the constant risk of dilution, and the shareprice I believe would rally substantially; maybe even the warrants would be in the money, providing more cash. The important thing in this environment is survival, but not at the expense of massive dilution at current prices.

[taxlosstone] 29/3/2020 16:05

New virus identified in Ethiopia called Noquid 19 is apparently running rife throughout ANS. Symptoms include:

Lack of backbone
Exploitative
Lack of moral fibre
Inability to commit
Indecisiveness
Total risk aversion
Demanding
Short-sightedness
Selfishness
Paralysis (of cheque writing hand)

Prognosis. They'll be fine but could prove fatal for Kefi shareholders. :-(

[czar] 29/3/2020 12:40

So if The Angola Sovereign Wealth Fund supports companies in their country what about The Ethiopian Sovereign Wealth Fund? The KEFI project will be the country's biggest USD earner. Is there an Ethiopian Sovereign Wealth Fund?

Update on the development of the Longonjo Project
Pensana’s operations in Angola have been unaffected by the Covid-19 virus to date as we advance the Definitive Feasibility studies on the Longonjo project.


The study is expected to confirm Longonjo’s status as one of the world’s only major rare earth mines being developed at a time when demand for magnet metals from EV and offshore wind turbine manufacturers is expected to take off.

Based on the results from 57 out of 195 holes of the recently completed drill programme and subject to the usual caveats that drilling results can downgrade as well as upgrade a resource estimate the Company is expecting that the resource will be substantially upgraded.


The studies into the downstream production of a NdPr rich Carbonate which will open up markets in Europe, Japan and Korea as well as China will form part of the Definitive Feasibility Study which will be reported in the September quarter.


Chinese rare earth processing companies have returned to work following a longer than usual Chinese New Year break. The Company has received further expressions of interest in becoming potential partners in developing the Longonjo Project.


The Company is well advanced in the documentation and regulatory and shareholder approvals for listing on the LSE and once the current turmoil in the financial markets has abated the Company will complete the Standard listing on the Main Board.


The Company has recently welcomed the Angolan Sovereign Wealth Fund as a shareholder and notes the fund’s intention to further support and work with the Company and its management in the development of this important national project.


Angola has successfully implemented proactive containment measures based on its previous experience managing the Ebola virus and to date, there are no reported cases of the Covid- 19 virus in the country.


www.pensanarareearths.com

[1deedee] 29/3/2020 11:52

Just been listening to Abby Ahmed Prime Minister of Ethiopia on his recent interview you can find it on YouTube he talks about Corona virus and the impact it's had on Ethiopian Airlines that being the largest income 3% and the urgency to generate more cash coming into the country sounds promising all they need to do is put pressure on

[1deedee] 29/3/2020 10:56

Hope all is keeping well Health before wealth not many new cases in Ethiopia restrictions put in place very early

[marnewton] 28/3/2020 12:47

I've listened to it all so you don't have to;)

From eleven minutes in or so: cash, gold and gold mines...would that we had one!)

hxxps://moneyweek.com/investments/stockmarkets/601062/the-moneyweek-podcast-charles-heenan-dominoes-are-falling-be-very?

[digger2779] 27/3/2020 17:00

tax - I emailed them yesterday asking about payment
"What progress has been made towards this and have you now been given a firm date when payment will be made and will it be before the end of this month, next month or later? “Expect and “shortly”; don’t inspire confidence and this is reflected in the current market reaction to this project."
Don't think it will appear on Q&A somehow nor do I expect a reply.

[taxlosstone] 27/3/2020 16:35

I am afraid that I did not but did anyone ask on the Q&A site if they are still expecting the first payment from ANS this month? As they answered the question promptly when asked earlier in the month & have not this time, that does not bode well. You know what would be useful & would guarantee quick & satisfactory results? If we were to employ an ex diplomat of Ethiopia with contacts with all the big cheeses & using all that influence in the corridors of power, we would be on to a winner! :-(

[scrappycat] 27/3/2020 15:11

I doubt the Ethiopians, in common with most African countries, will have a Contingency Fund capable of fighting the effects of the virus to any large degree, and if it develops significantly, will hit their economy hard.

In the circumstances, it would seem to be sensible, and prudent, to quickly provide the funding to allow the development of the mine. In a year or so's time, this will surely provide much needed work, and foreign currency, which they will sorely need. To delay things further would, to my mind, be a totally wrong decision on their part, but who knows what is going through their minds.

[digger2779] 27/3/2020 13:10

goatherd - I don't know, maybe they are but they won't be telling the likes of us! Probably got more sense.

[goatherd] 27/3/2020 12:36

digger,

In that case why are they not simply buying KEFI shares?

[digger2779] 27/3/2020 12:27

goatherd - Saudi Arabia has nothing to do with ANS and it's not our fault ANS reside where they do and are restricted currency wise. OK, without their funds we aren't going to get this built and therefore SA will also stall.
There is a black market rate for the Birr and I'm sure "monied people" manage to find a way to make even more money.

[matthew stone] 27/3/2020 12:02

Fair comment, but their dithering is a large part of the reason that the share price is where it is! Unless you are saying withholding the initial payment has been a ploy all along?

[goatherd] 27/3/2020 11:49

No.

I am saying that the price ANS are paying for a moderate size stake in a limited portion of the Ethiopian project is far more than the market cap for a larger share of a larger project and all the (we hope) goodies in Saudi Arabia.

And while most people in the world can buy at KEFI share price they cannot as they cannot get the foreign currency.

[matthew stone] 27/3/2020 11:24

Forgive me, but I don't really understand your point - are you saying ANS should be annoyed that, although their share is potentially worth much more now, ours' has increased by even more?

[matthew stone] 27/3/2020 11:22

Agreed, but it's no good for either of us unless they pay something to get this started.

[goatherd] 27/3/2020 11:19

But its even better for us